The country’s merchandise trade surplus grew to $2.7 billion in April as higher oil prices helped boost exports to a record high, Statistics Canada said Tuesday.

The agency said the result was the largest surplus since January 2025 and compared with a surplus of $1.8 billion in March.

Total exports rose 1.6 per cent in April to reach a record $75.2 billion as exports of energy products rose 9.7 per cent, offset by a 17.5 per cent drop in metal and non-metallic mineral products.

Statistics Canada said that excluding energy products and the metal and non-metallic mineral group, exports rose 5.1 per cent.

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Canada’s merchandise trade surplus with the U.S. in April was $9.5 billion, up from $7.8 billion in March, as exports to the U.S. rose 4.8 per cent and imports from the U.S. gained 1.6 per cent.

The result came as the country’s trade deficit with countries other than the U.S. was $6.8 billion in April, compared with $6 billion in March.

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When international trade in goods and services are combined, Canada’s total trade surplus with the world was $2.8 billion in April compared with $2.3 billion in March.